Heuristics generally help people make fewer errors in their decisions.
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Q13: Behavioral economists believe that while people try
Q14: Neoclassical and behavioral economics are generally viewed
Q15: Behavioral economics observes that people generally do
Q16: Behavioral economics recognizes that people frequently make
Q17: A key difference between neoclassical economics and
Q19: System 1 is the part of the
Q20: Neoclassical economics and behavioral economics both recognize
Q21: Behavioral economists avoid dealing with fairness concerns
Q22: The overconfidence effect exists when people underestimate
Q23: Because of framing effects, a worker will
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